Q12. Given the following information, answer the questions given below: 15.5 Marks Raw Materials Debit Credit Balance 1/1 Debits Balance 12/31 16,000 Credits 122,000 26,000 Manufacturing Overhead Debit Credit Debits 233,800 Credits Work in Process Debit Credit Credits 473.000 Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 21,000 91,000 153,000 244,800 Factory Wages Payable Debit Credit Debits 137,000 Balance 1/1 Credits Balance 12/31 Finished Goods 9.500 182,000 4,500 Debit Credit Balance 1/1 Delila Balance 12/31 41.000 Credits ? 61,500 Cost of Goods Sold Debit Credit Debits C. Cost of raw materials xl b. Indirect materials x2 Indirect labor cost x3 d. Cost of goods manufactured x4 e. Unadjusted cost of goods sold X5 Assume that overhead is applied to production on the basis of direct labor cost f. Predetermined overhead rate x6 g. Amount of Manufacturing overhead (under/over)applied x7 h. Was Manufacturing overhead (under/over) applied x8 i. Ending balance in the work in process x9 j: Direct materials cost if direct labor cost is $8,250 x10 k Applied overhead cost xll Q13. Aeron Corp uses WA (weighted-average) method in its process costing system. Data concerning the first processing department for the most recent month are listed below: [3 Marks Beginning work in process inventory: Units in beginning work in process inventory 500 Materials costs $ 7.800 Conversion costs 9.100 Percent complete with respect to materials 85% Percent complete with respect to conversion 55% Units started into production during the month 7.000 Units transferred to the next department during the month 6.500 Materials costs added during the month $ 102.700 Conversion costs added during the month 184.100 Ending work in process inventory: Units in ending work in process inventory 2.400 Percent complete with respect to materials 60% Percent complete with respect to conversion 50% Estimate the total cost transferred from the first processing department to the next processing department